French firms deliver contracts worth Dhs17b
Al Tayer opens emirati-french business Summit in Dubai
Dubai: Currently, there are 19 French companies qualified by the RTA, and French firms have delivered contracts worth more than Dhs17 billion. Among the key projects undertaken by French companies is Dubai Tram. Spearheaded by the French Firm Alstom, Expolink Consortium is undertaking Route 2020 Project for extending the Red Line of Dubai Metro to the site of World Expo.
Mattar Al Tayer, Director-general and Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA), has opened the Emirati-france Business Summit held by the RTA in collaboration with the French Business Council. The event, which has attracted the participation of 63 Emirati and French entities, aims to boost the PPP, nurture an investment climate conducive to the development of commercial cooperation between the RTA and the French business community in the UAE, besides bolstering the bilateral business relationships.
Attendees of the opening ceremony, which was held in RTA premises, included Dr Aisha bint Butti Bin Bishr – Director General of the Smart Dubai Office, Ludovic Pouille — France Ambassador to the UAE, Alain Galliano — Vicepresident of the Metropole de Lyon, HE Majdi Abed - Consul General of France, Her Excellency Laurence Battle — Chairwoman of the Executive Board of RATP Dev, and HE Bruno de Reneville — President of the French Business Council. About 200 CEOS and business leaders in public and private entities in both Dubai and France also attended the summit.
In an opening speech delivered at the summit, Al Tayer said, “The Dubai Government is keen to foster an investment climate to attract the private sector to take part in development projects and inject more investment in a variety of fields; which will serve the economic and social development in the Emirate. For this purpose, Law No (22/2015) was issued to regulate the partnership between public and private sectors in Dubai. The RTA is always keen to boost the Public-private Partnership (PPP) and nurture an appropriate investment climate to encourage the private sector to engage in the projects to be released by the RTA in future.
The RTA has charted out a comprehensive PPP policy and rolled out a process for reviewing and undertaking such projects and setting job scopes to serve as a reference in preparing and implementing PPP projects. The RTA has established excellent relationships with the French business community.
“The RTA has a solid background in dealing and partnering with the private sector in various projects relating to the infrastructure of roads and transit systems. The projects the RTA is poised to release in its Strategic Plan 2017 – 2021 will offer numerous chances for cooperating with the private sector.
Ludovic Pouille - France Ambassador to the UAE commended the superb relationships and the existing cooperation between the UAE and France in various fields. “The Emirati-france Business Engagement Summit contributes to enhancing the communication and exchange of practices in current and future projects. Dubai remains a privileged destination for our companies wishing to reach a wide range of international markets, due to a common vision and openness to sustainable development, innovation and creative finance schemes,” he said.
Ludovic pouille addresses the event in Dubai.